Residential Land in Germasogeia, Limassol

Address: Limassol, Cyprus

Available residential land in Germasogeia village in Limassol.
It has an area of 4,763sqm and benefits from a road frontage.
The immediate area of the asset comprises of residential developments and undeveloped parcels of land.
The land falls within two planning zones:
-c 4,572sqm fall within residential planning zone Kα10 with a building density coefficient of 30%, a coverage coefficient of 20%, 2 floors and 10m maximum height.
-c 191sqm fall within protection planning zone Δα2 with a building density coefficient of 1%, a coverage coefficient of 1%, 1 floors and 5m maximum height.
Property Details
* For Sale
* Property Type: Land
* Property Subtype: Residential
* Location: Limassol, Germasogeia, Cyprus
* Price: €660,000 Plus VAT
* VAT: Plus
* Loan Installment: €2,963
If you wish to borrow from a bank, please find above indication of the loan installment with the assumptions used below.
Loan Installment Calculations:
Closing Price: €660,000
Own Contribution (35%): €231,000
Loan Amount (65%): €429,000
Interest rate: 3%
Years of repayment: 15 years

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